Gold Extends Earlier Losses to Trade Moderately Lower
(Kitco News) – Gold prices in late-morning U.S. trading are moderately lower and have extended the slight losses seen in earlier in the session.
Metals Focus: Much Gold Output Operating At Loss On AISC
A significant portion of global gold production is now operating at a loss, although there are still other factors that companies must consider before shutting down mining operations, according to the consultancy Metals Focus.
Read moreISM Non-Manufacturing Index Rises To 60.3% In July
Kitco News reports on ISM non-manufacturing PMI data for July
Read moreTahoe Resources Announces Resignation Of CEO; McArthur Takes Over
Tahoe Resources Inc. (TSX, BVL: THO; NYSE: TAHO) says Alex Black is resigning as chief executive for personal reasons. Kevin McArthur, the company’s executive chairman, has assumed CEO duties.
Read moreUBS: PGMs At Multi-Year Lows, Commiserating With Base Metals
Platinum and palladium are sympathizing with weaker industrial commodities such as copper and nickel, says UBS.
Read moreGold Near Steady, Gets Modest Lift From U.S. ADP Jobs Number
(Kitco News) – Gold prices are steady to slightly lower in early U.S. trading Wednesday. Prices moved off the overnight lows when the U.S. ADP jobs report came in a bit lighter than expected. Still, buying interest in gold and silver is limited by the…
Read moreADP Shows 185K Private Sector Jobs Created In July
Kitco News reports on July’s ADP private sector employment report
Read moreU.S. Dollar Gaining Strength This Week, Hurting Gold
Kitco News – Gold prices are under pressure again in early U.S. trading Wednesday. A gold-market-bearish feature in the marketplace this week is the resurgent U.S. dollar index, which hit a 3.5-month high overnight.
The 6 P.M. Recap With Gary Wagner: Thoughts On China, Whole Earth Thinking And How The Future Came To Be
There is still no fundamental reason to buy gold. Many analysts are saying the yellow precious metal is still overpriced and has at least another $40 to $50 to fall before buyers find interest again.
Read moreCoeur Trims 2Q Loss By Increasing Production, Lowering Per-Ounce Costs
(Kitco News) – Coeur Mining, Inc. (NYSE: CDE), a top-10 silver producer and also significant gold miner, trimmed its loss in the second quarter despite lower prices received for metals, with the company upping output and cutting costs.
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